Vedanta to bag 40 oil blocks

Vedanta to bag 40 oil blocks

FPJ BureauUpdated: Wednesday, May 29, 2019, 07:15 AM IST
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New Delhi : Anil Agarwal-led Vedanta is likely to bag as many as 40 oil and gas exploration blocks in India’s maiden open acreage auction, official sources said on Tuesday.

An Empowered Committee of Secretaries (ECS) has cleared award of blocks offered in OALP-1, bidding for which closed on May 2, they said.

The recommendations of the panel will now go to ministers of finance and petroleum for approval, they said.

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